5min chapter

Plain English with Derek Thompson cover image

What Many Economists (and I) Got Wrong About This Economy

Plain English with Derek Thompson

CHAPTER

Understanding Inflation and Economic Perceptions

This chapter explores the complexities of inflation, emphasizing how rising wages for low-income households are often eclipsed by higher living costs. It contrasts expert economic insights with the real-world experiences of Americans, revealing the challenges posed by traditional inflation metrics and rising interest rates.

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